Question

Which of these denote the price that the manufacturer decides for the commodity?

• A. Cost Price
• B. Selling Price
• C. Marked Price
• D. Profit

Answer 1

The correct option is C Marked Price

- Cost Price is the price at which a commodity is purchased.

- Selling Price is the price at which the commodity is sold.

- Marked Price is the price decided by the manufacturer, marked as the selling price on a commodity. It is also known as the listed price.

- And if the Selling Price is more than the Cost Price, the difference between them$(S.P.-C.P.)$ is the profit incurred.